Traditional wound management products are widely used in the management and treatment of acute and chronic wounds such as pressure ulcers, diabetic foot ulcers, and surgical wounds. Traditional wound management products provide advanced wound care by maintaining a moist environment that supports the body's natural healing responses. They absorb wound exudate and debris while maintaining a moist wound environment to assist wound healing. Traditional wound dressing products include bandages, gauzes, sponges, and other wound contact layers. Hydrocolloids, films, foams, alginates, and hydrogels are also used as secondary dressings.
The global traditional wound management market is estimated to be valued at US$ 2,080.8 million in 2023 and is expected to exhibit a CAGR of 3.4% during the forecast period (2023-2030).
Key Takeaways
Key players operating in the Traditional Wound Management are Smith Nephew plc, B. Braun Melsungen AG, Johnson Johnson Pvt. Ltd., Medtronic Plc., Cardinal Health, Derma Sciences Inc., Paul Hartman AG, Molnlycke Health Care, Medline Industries, Inc., DUKAL Corporation, BSN Medical, H.B. Fuller, CURAD, 3M Health Care
The Traditional Wound Management Market Demand is growing owing to the increasing prevalence of chronic and acute wounds globally. Additionally, growing geriatric population and rising incidence of lifestyle diseases such as diabetes will drive the demand for traditional wound management products over the forecast period. Geographically, North America dominates the traditional wound management market. However, Asia Pacific region is anticipated to witness the highest growth rate during the forecast period due to rising awareness regarding wound care management and increasing expenditure on healthcare.
Market Drivers
The increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases is a major driver for the traditional wound management market. As per recent estimates, diabetic foot ulcers affect around 15% of all diabetic patients during their lifetime. Cardiovascular diseases remain a leading cause of death worldwide accounting for over 17.9 million lives each year. Traditional wound management products play a vital role in the treatment of wounds associated with such chronic conditions. Other factors such as rising geriatric population, trauma cases, and increasing use of advanced wound dressings for faster wound healing will continue to support the growth of the traditional wound management market over the forecast period.
The current geopolitical environment is impacting the traditional wound management market in several ways. Political conflicts and economic instability in many parts of the world are hindering access to wound care and driving patients to opt for lower cost treatment options. These challenges are slowing the market growth compared to projections.
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